Coinbase Global (COIN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 07, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.34

Last Year’s EPS

0.24

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 23 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong multi-year progress: diversified revenue growth (2025 revenue +9% YoY; subscription & services +23% YoY), sustained adjusted profitability, custody leadership (stores ~12% of global crypto), successful product launches (Everything Exchange, derivatives, Base, prediction markets), meaningful M&A, and a robust balance sheet ($11.3B cash / ~$14.1B total resources) with active buybacks and BTC accumulation. Near-term challenges include quarter-over-quarter revenue declines (Q4 revenue -5% QoQ; transaction revenue -6% QoQ), a Q4 GAAP net loss driven by large unrealized investment and strategic losses, rising operating expenses tied to M&A and USDC rewards, and a brief technical outage. Management presented confidence in long-term opportunities (stablecoins, Everything Exchange, Base) and plans to be opportunistic with capital allocation, suggesting the positives outweigh current market-driven and tactical headwinds.

Company Guidance

Coinbase’s guidance for Q1 called for subscription and services revenue of $550–$630 million and noted roughly $420 million of transaction revenue through Feb. 10; expense guidance was flat QoQ with Technology & Development plus G&A at $925–$975 million and Sales & Marketing at $215–$315 million. Management reiterated ongoing weekly Bitcoin purchases, opportunistic buybacks (have repurchased $1.7 billion / 8.2 million shares to fully offset 2025 stock‑comp dilution and secured an $815 million notional discount, and the Board approved an additional $2 billion authorization), emphasized strong liquidity ($11.3 billion cash and ~$14.1 billion total available resources including crypto assets), and pointed to continued strength (12 consecutive quarters of adjusted EBITDA profitability) alongside recent Q4 metrics: $1.8 billion total revenue, $983 million transaction revenue, $727 million subscription & services, $566 million adjusted EBITDA and a GAAP net loss of $667 million.

Full-Year Revenue Growth

Total revenue for 2025 was $7.2 billion, a 9% year-over-year increase, demonstrating top-line expansion despite macro headwinds.

Subscription & Services Expansion

Subscription and services revenue reached $2.8 billion, up 23% year-over-year and more than 5.5x higher than the prior cycle peak in 2021, indicating strong diversification away from pure trading revenue.

Sustained Adjusted Profitability

Coinbase achieved adjusted EBITDA profitability for the 12th consecutive quarter with Q4 adjusted EBITDA of $566 million and adjusted net income of $178 million, showing consistent operational profitability on non‑GAAP measures.

Assets on Platform & Custody Leadership

Assets on platform have grown ~3x over the last 3 years. Coinbase stores ~12% of all crypto globally (more than the next four competitors combined), reinforcing custody and product-distribution advantage.

Everything Exchange Launch & Trading Momentum

Launched Everything Exchange in Q4; global trading volume and market share doubled year-over-year, hit highest 24-hour trading volume in over a year, and recorded all‑time highs in derivatives volume and revenue (Deribit produced an all‑time high quarter).

Stablecoin Positioning and USDC Metrics

USDC stored in Coinbase products hit an all-time high, contributing to USDC's market cap reaching roughly $75 billion and supporting payments and product integrations across Coinbase's stack.

Strong Balance Sheet and Capital Allocation

Ended 2025 with $11.3 billion in cash and cash equivalents and ~ $14.1 billion total available resources (including crypto assets for investment/collateral). Deployed $1.7 billion in share repurchases (fully offsetting 2025 stock‑based compensation dilution) and Board approved an additional $2 billion buyback authorization.

Strategic M&A and Product Expansion

Completed 10 acquisitions/acqui-hires in 2025 including Deribit and Echo (Deribit noted as the largest crypto deal to date). Expanded product breadth (prediction markets rolled out to 100% of customers; equities ~10,000 tickers; Base growth) to accelerate Everything Exchange and onchain strategy.

Native Unit Inflows and BTC Accumulation

Q4 marked the ninth consecutive quarter of native unit inflows. Coinbase increased its bitcoin holdings in its investment portfolio (doubled number of BTC native units held in 2025) and continues weekly crypto purchases and buybacks.

Coinbase Global (COIN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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COIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2026	2026 (Q1)	0.34 / -	0.24	―	―	―
Feb 12, 2026	2025 (Q4)	0.99 / -2.49	4.66	-153.43% (-7.15)	―
Oct 30, 2025	2025 (Q3)	1.15 / 1.50	0.28	435.71% (+1.22)	―
Aug 01, 2025	2025 (Q2)	1.25 / 5.14	0.14	3571.43% (+5.00)	―
May 08, 2025	2025 (Q1)	1.94 / 0.24	4.4	-94.55% (-4.16)	―
Feb 13, 2025	2024 (Q4)	2.26 / 4.66	1.04	348.08% (+3.62)	―
Oct 30, 2024	2024 (Q3)	0.41 / 0.28	-0.01	2900.00% (+0.29)	―
Aug 01, 2024	2024 (Q2)	0.95 / 0.14	-0.42	133.33% (+0.56)	―
May 02, 2024	2024 (Q1)	1.15 / 4.40	-0.34	1394.12% (+4.74)	―
Feb 15, 2024	2023 (Q4)	0.02 / 1.04	-2.46	142.28% (+3.50)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

COIN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	$141.09	$164.32	+16.46%
Oct 30, 2025	$328.51	$343.78	+4.65%
Aug 01, 2025	$314.69	$318.17	+1.11%
May 08, 2025	$206.50	$199.32	-3.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.